Tito Mboweni, who once served as labour minister under Nelson Mandela, has set himself up for a fight with the ANC’s trade union allies by announcing a huge cut to the public-sector wage bill as part of efforts to fix government finances.
In a press conference before he delivered his second budget speech in Cape Town on Wednesday, the finance minister acknowledged as much, saying he was confident that “eventually the government and public-service workers would find each other”.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Finance Minister Tito Mboweni should announce a tax on e-cigarettes in Budget Speech | IOL NewsE-cigarette taxation is necessary because e-cigarette use is harmful to health and increases the strain on the health care system and public purse. Taxation should be used on these kind of issues. But not on GORVENMENT spending. GORVENMENT spemding should be funded by the reserve Bank. Even if they act deaf we will make this msg loud and clear. This narrative is misleading Most people on E-cigarettes have access 2 private healthcare & people on the lower end of the spectrum (loose draws) couldn't be bothered 2 check in2 a public healthcare facility Besides, we lose more people in car accidents than we do 2 cigarettes Agree!!
Source: IOL - 🏆 46. / 51 Read more »
Budget 2020: ‘Tito Mboweni will be walking a tax tightrope’ | Cape ArgusBudget 2020: A tax expert said Finance Minister Tito Mboweni would be walking a tightrope if he wanted to use more tax to raise government revenue. 😏they don't want to tax the filthy rich because they will remove them so they are taxing the poor. The rich are white and the poor are black Abramjee That expert is right Abramjee Stop corruption
Source: IOL - 🏆 46. / 51 Read more »
Stats SA vows to continue engaging with Tito Mboweni over funds shortage | The StarWhen Finance Minister Tito Mboweni delivers his BudgetSpeech, Statistics South Africa's officials will not hold their breath for an allocation that wows them.
Source: IOL - 🏆 46. / 51 Read more »
Tips for Tito Mboweni to improve our retirement savingsHopefully, Tito Mboweni has fresh ideas to improve our retirement savings. Retirement savings reforms are essential if we are to boost the economy. This might include changing retirement age to 65 to allow workers to accumulate enough, writes Rowan Burger The 63 year old I work with gets to the office at 6 and 30 minutes after his arrival we hear loud snores... I am just saying. 🤷🏽♀️ Kanti was it not 65 retirement age? Or trying to say both genders at 65?🤗
Source: City_Press - 🏆 7. / 72 Read more »
Tito Mboweni cannot afford to be ambivalentThe oligopolistic structure of the major sectors of SA industry that provide barriers to entry will have to be broken, writes Landiwe Mahlangu
Source: BDliveSA - 🏆 12. / 63 Read more »
No salary hikes for MPs, judges as Tito Mboweni trims government wage billPresident Cyril Ramaphosa's administration is headed for a bitter battle with public sector unions after finance minister Tito Mboweni announced plans to reduce the civil service wage bill by R160-billion in the next three years. Does this include Government Ministers? They get enough benefits
Source: TimesLIVE - 🏆 28. / 59 Read more »